Chesterfield Economic Development has announced that ept Automotive has leased 46,300 square feet of manufacturing space in River's Bend in Chesterfield County for a new facility to produce electrical connectors for the automotive industry. The $5 million manufacturing operation will open in October and is expected to create more than 50 jobs during the next three years.
ept (Electronic Precision Technology) automotive is a subsidiary of ept GmbH, Peiting, Germany, located about 60 miles southwest of Munich. A global supplier to the automotive industry for integrated solutions for electrical connection technology, the firm has more than 700 employees.
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